Solar Panel Cost Guide in Homeland Park, SC (2025 Update)
- Homeland Park Solar Installation Cost: $19,401
- 25-Year Savings: $28,369
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Homeland Park
We break down average solar pricing in Homeland Park.
In Homeland Park, solar panels cost about 3 per watt on average.The average Homeland Park homeowner needs a 8.0-kilowatt system, which would cost about $19,401 with the federal tax credit, or $27,743 before the 0 tax credit is applied.
How much you pay can go higher or lower than the average in Homeland Park based on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire.Many homeowners find going solar is a sound investment. The average homeowner in Homeland Park can save around $21,000 on their electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Homeland Park
| Year | Return on Investment |
|---|---|
| 1 years | $-17,916 |
| 3 years | $-14,945 |
| 5 years | $-11,975 |
| 7 years | $-9,004 |
| 9 years | $-6,034 |
| 11 years | $-3,063 |
| 13 years | $-93 |
| 15 years | $2,878 |
| 17 years | $5,848 |
| 19 years | $8,819 |
| 21 years | $11,790 |
| 23 years | $14,760 |
| 25 years | $17,731 |
Top Solar Installers in Homeland Park
Many homeowners choose to use a solar installer since installing solar panels by yourself can be challenging. Some solar installers, particularly local ones, can help you make the most of incentives in Homeland Park, therefore optimizing your ROI.
If you're looking for a solar installer in Homeland Park, we've put together a list of our top suggestions here:
See all of the solar companies in Homeland Park
Factors that Affect Solar Panel Costs in Homeland Park
For many Homeland Park homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Homeland Park, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,450.The model of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.59 | $15,070 | $17,542 | 11.6 years |
| 8 kW | $3.52 | $19,706 | $23,775 | 11.3 years |
| 10 kW | $3.45 | $24,150 | $30,202 | 11.1 years |
| 12 kW | $3.38 | $28,400 | $36,822 | 10.9 years |
| 14 kW | $3.31 | $32,458 | $43,635 | 10.7 years |
| 16 kW | $3.24 | $36,322 | $50,642 | 10.4 years |
| 18 kW | $3.17 | $39,992 | $57,842 | 10.2 years |
| 20 kW | $3.11 | $43,470 | $65,234 | 10.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
EcoWatch's Homeland Park, SC Solar Cost FAQs
What is the average cost of installing solar panels in Homeland Park?
The average cost of solar panels in Homeland Park is about $17,250 for a 5-kW system and $34,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Homeland Park?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Homeland Park?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.